Shares of Healthcare Services Group, Inc. are higher by about 16% in midday trading today, after the company reported that revenues for the three months ended March 31, 2009 increased 9% versus the same 2008 period. In addition net income increased 13% for the three months ended March 31, 2009 compared to 2008 first quarter net income. The company's Board of Directors declared a first quarter 2009 regular quarterly cash dividend of $.18 per common share, which represents a 6% increase over the dividend declared for the 2009 first quarter and a 29% increase over the 2008 same period payment.

Shares of Developers Diversified Realty are higher by about 12% in midday trading today, after the company announced it has received shareholder approval on all of the proposals described in the Company's proxy statement pertaining to the share purchase agreement with Mr. Alexander Otto and members of his family.

Scott Wolstein, Developers Diversified's Chairman and Chief Executive Officer, stated, "We are pleased with the confidence that our shareholders have shown in this strategic investment by the Otto Family. We currently expect the first tranche of 15 million shares to be sold to the Otto Family within the next several weeks, which will be concurrent with our closing on more than $120 million of new debt financing. The Company has obtained commitments from lending relationships for new loans well in excess of the $112.5 million required as a condition to closing. All of these transactions are important steps in lowering our leverage and improving our liquidity, and we continue to work diligently on additional initiatives."

Shares of Jaguar Mining are higher by about 7% in midday trading today, after the company provided an update on operations. In Q1 2009, the company experienced a production increase of 53%.

Shares of Lufkin Industries are lower by about 15% in midday trading today, after the company announced financial results for the first quarter of 2009. Excluding the impact of a net of tax, $1.9 million provision related to the class-action lawsuit against the Company that was accrued at the end of the first quarter, earnings from continuing operations for the first quarter of 2009 declined to $11 million, compared with $15.6 million for the first quarter of 2008. Earnings from continuing operations for the first quarter of 2009 decreased to $9.1 million. Revenues increased almost 9% to $153.1 million compared with $141.1 million for the first quarter of 2008.

Shares of Burger King Holdings are lower by about 14% in midday trading today to 19 dollars and 48 cent per share, after the company announced today that it expects its third quarter fiscal 2009 earnings per share to be in the range of $0.33 to $0.35. Earnings per share were negatively impacted by significant traffic declines in the month of March resulting in lower than expected company restaurant margins for the quarter. The negative impact of lower than forecasted company restaurant margins on earnings was more than offset by continued revenue growth, improved general and administrative costs, lower interest expense and a lower than forecasted tax expense.

Shares of Infinity Pharmaceuticals are lower by about 29% in midday trading today to 6 dollars and 11 cents per share, after the company halted RING Trial in Advanced Gastrointestinal Stromal Tumors. The decision was based on the recommendation received Tuesday Night From an independent data monitoring committee. The independent committee's recommendation to halt the trial was based on an early review of safety data from the first 46 patients enrolled in the study, which showed a higher than anticipated mortality rate among patients enrolled in the treatment arm.

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.